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Sorry for the hundreds of questions I'm posting, but I want to be as informed as possible before I move this summer.
Why is it that when I look at apartment complexes, their prices for the same unit vary dramatically, even when it's for the same term.
For example, a 1x1 apartment will list the unit for "$650-$745".
What exactly does that mean? Is the higher price going to the person with less credit history or a lower lease?
I tried emailing like 3-4 places to ask about their prices a couple weeks ago, but none ever responded (red flag?).
There are 2 main reason for prices like that.
1. Regulatory requirment. In some places they may have some rent regulations that limit increases for whatever reason. So rents who reflect the legally alwoable increases for that unit.
2. Most likely is the rent reflects units desirability. One has a balcony the other a open patio. One is in the secluded area, the other is near the entrance. One may have more sq fott in the unti, or an updated kitched, or better views, or....... Those things can command more per month .
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